Compliance

This report card helps firms track compliance with FINRA Rule 4530(a) and (b), which address disclosures. The report card allows firms to see the number and percentage of disclosures their firm filed through FINRA's Regulation Filing Application (the 4530 system), and how these figures compare to other firms in aggregate. This report card is generated on a monthly basis. The table below provides a reference description for all of the elements found in the 4530 Disclosure Timeliness Report Card.

Note: Prior to August 2011, this report was known as the 3070 Disclosure Timeliness Report.

Term

Description

Firm Totals – 4530 Disclosure Filings

Month

This is the month and year that the 4530 Disclosure filings were submitted to the 4530 Application.

Associated Individuals

This is the number of individuals associated with the firm at the time of the report. An associated individual is defined as any natural person described by the definition of Associated Person as found within FINRA By-Laws Article I. This information comes from Web CRD®. To see a list of individuals associated with the firm, a user with Web CRD Reporting access may log into Web CRD and request the "Roster - Individual - Firms" report, including both registered and non-registered individuals.

Initial Filings Submitted

This is the number of initial disclosure filings submitted by the firm to the Disclosure Events and Complaints system during the respective month.

Late Filings Submitted

FINRA Rule 4530 requires a firm to report the occurrence of any of the disclosure events specified in Section A of the rule no later than 30 calendar days after the firm knows or should have known of the event. This is the number of initial disclosure filings submitted by the firm to the Disclosure Events and Complaints system more than 30 calendar days after the event's discovery date during the respective month.

% Filings Late

This is the percentage of the initial disclosure filings submitted by the firm during the respective month that were late.

Amended Filings Submitted

This is the number of disclosure amendments that the firm submitted during the respective month. Note: if a firm amends a single filing more than once in a month, each amendment of that filing will be counted as part of the Amended Filings Submitted total.

Average

The Average row of the disclosure filings table contains the average of each column over the 12 month period displayed for the firm.

Industry Totals* – 4530 Disclosure Filings

Initial Filings Submitted

This is the total number of initial disclosure filings submitted to the Rule 4530 Application during the respective month.

Late Filings Submitted

This is the total number of initial disclosure filings submitted late to the Rule 4530 Application during the respective month.

% Filings Late

This is the percentage of the initial disclosure filings submitted to the Rule 4530 Application during the respective month that were late.

Amended Filings Submitted

This is the total number of disclosure amendments that were submitted to the Rule 4530 Application during the respective month. Note: if a single filing is amended more than once in a month, each amendment of that filing will be counted as part of the Amended Filings Submitted total.

Average

The Average row of the disclosure Filings table contains the average of each column over the 12 month period displayed for the industry.

Firm Totals – 4530 Disclosure Late Filing Details

Month

This is the month and year that the disclosure filings were submitted to the Rule 4530 Application.

1 - 5 Days Late

This is the number of disclosure filings submitted by the firm to the Rule 4530 Application during the respective month that were from 1 to 5 days late.

6 - 10 Days Late

This is the number of disclosure filings submitted by the firm to the Rule 4530 Application during the respective month that were from 6 to 10 days late.

11 - 20 Days Late

This is the number of disclosure filings submitted by the firm to the Rule 4530 Application during the respective month that were from 11 to 20 days late.

21 - 30 Days Late

This is the number of disclosure filings submitted by the firm to the Rule 4530 Application during the respective month that were from 21 to 30 days late.

> 30 Days Late

This is the number of disclosure filings submitted by the firm to the Rule 4530 Application during the respective month that were more than 30 days late.

Note: if you report disclosures through the Electronic Filing Platform, you will only be able to see data for some of the fields shown in this report, specifically: rep count and industry filings. You will not be able to see data specific to your firm since the data for this report is pulled from the FINRA Regulation Filing Applications. For questions or help, contact the Report Center administrator.